Citizens Bank, headquartered in Batesville, has been named one of the 2022 Best Banks to Work For by American Banker magazine.
According to a media release, American Banker has partnered with Best Companies Group to identify banks that excel at creating positive and supportive workplaces for employees. Citizens Bank is the only Arkansas bank to be named on the list. As challenges for employee retention and hiring continue to impact businesses across the country, the Arkansas-based company is continuing its legacy in the industry of having a people-centric philosophy.
This year Citizens Bank earned a spot in the ranking of Best Banks to Work For, based on an anonymous employee survey and a thorough review of the benefits and perks offered. The full 2022 Best Banks to Work For list will be featured at www.americanbanker.com.
“We are honored to be recognized nationally for our ‘People First’ mission and culture,” said Adam Mitchell, president and CEO of Citizens Bank. “This year marks the first time Citizens has been recognized as one of the Best Banks to Work for by American Banker. We are the only bank in Arkansas to make the list. We are proud of this accomplishment but even more proud that we continue to foster a culture that supports and advances our employees.”
On the 2022 list, Citizens Bank was ranked in the category for banks with less than $3 billion in assets. The annual Best Banks to Work For survey and awards program is designed to identify and honor banks with the best cultures for helping employees thrive.
“The banks recognized on this list are trying hard to create workplaces that employees want to join,” said Chana R. Schoenberger, Editor-in-Chief of American Banker. “Especially during this moment when companies are experiencing a shift in how, where, and how much employees work, banks are paying attention to how they can best retain their people.”
Determining the Best Banks to Work For involved a two-step process. The first consisted of evaluating each participating bank’s workplace policies, practices, and demographics. This part of the process was worth approximately 25% of the total evaluation. The second consisted of employee surveys aimed at assessing the experiences and attitudes of individual employees with respect to their workplace. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the final ranking.
To be considered for participation, banks had to have at least 50 employees working in the U.S. and been in business for a minimum of one year. Best Companies Group managed the registration and survey process and also analyzed the data to determine the final ranking.
Image and information provided by Citizens Bank
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